history of over four decades, Nocil owns a lions share of 50% in the domestic rubber chemicals market and ~5% globally. A wide product range, global presence, technical know-how and a reputation of being a dependable supplier have ensured market share expansion not only at home but also globally. Growth in rubber chemicals is highly dependent on demand from the tyre industry the largest consumer of rubber chemicals (~65%). According to the company, the global tyre industry has committed ~USD7.5b toward expansion plans, while the Indian tyre companies have lined up capex to the tune of INR-150-180b over the next few years. This is likely to drive tyre industry growth of 12-14% over the next 4-5 years, benefiting rubber chemicals behemoths like Nocil. To capitalize on the growth opportunities amid favorable market conditions, Nocil has earmarked capex of INR4.25b at its Navi Mumbai and Dahej plants.